Strong case to hike coal prices, could happen soon: CIL Chairman Agrawal ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 58
Coal India Chairman Pramod Agrawal on Monday said there is a "strong case" for increasing coal prices, and the hike could be effected "very soon" as discussions are underway with stakeholders. Agrawal also said he is confident the mining behemoth will achieve its production target of 1 billion tonnes by 2025-26. "There is a strong case for increasing coal prices, as that has not happened in the last five-odd years. This year, the wage negotiation has taken place as well, which will have an impact on CIL's financial condition, especially for a few subsidiaries where the manpower cost is very high. "There will be a lot of problems if prices are not hiked. Discussions are underway with stakehol

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